Gartner, Inc. (NYSE:IT) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 10.8% in the second quarter, Holdings Channel reports. The institutional investor owned 1,296 shares of the information technology services provider’s stock after selling 157 shares during the quarter. XTX Topco Ltd’s holdings in Gartner were worth $582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moors & Cabot Inc. increased its holdings in shares of Gartner by 3.0% in the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock valued at $343,000 after acquiring an additional 22 shares during the last quarter. TIAA Trust National Association raised its holdings in shares of Gartner by 3.2% during the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock worth $355,000 after purchasing an additional 23 shares during the period. Mather Group LLC. lifted its position in shares of Gartner by 2.2% in the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock worth $514,000 after buying an additional 23 shares during the last quarter. Mcdonald Partners LLC boosted its holdings in shares of Gartner by 0.5% in the 2nd quarter. Mcdonald Partners LLC now owns 5,550 shares of the information technology services provider’s stock valued at $2,492,000 after buying an additional 25 shares during the period. Finally, Marks Group Wealth Management Inc grew its position in shares of Gartner by 0.8% during the 1st quarter. Marks Group Wealth Management Inc now owns 3,916 shares of the information technology services provider’s stock valued at $1,867,000 after buying an additional 30 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 0.5 %

Gartner stock opened at $516.38 on Tuesday. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $517.48. The stock has a market cap of $40.09 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 3.89 and a beta of 1.32. The company’s 50-day moving average price is $484.29 and its two-hundred day moving average price is $462.45. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $2.85 earnings per share. On average, analysts expect that Gartner, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IT shares. Morgan Stanley raised their target price on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Bank of America boosted their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, BMO Capital Markets increased their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $521.00.

Insider Activity

In related news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Gartner news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares in the company, valued at $2,346,915. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Yvonne Genovese sold 443 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $947,411.58. The disclosure for this sale can be found here. Insiders sold a total of 65,164 shares of company stock worth $32,601,014 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.